Consultant - Senior Consultant, Non-Life Actuarial – Reserving

Deloitte LLP; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading company in the actuarial sector seeks professionals to join their dynamic team in London. The role involves contributing to diverse client projects, enhancing consulting skills, and managing teams. Candidates should have a strong background in the UK non-life insurance industry and be self-motivated with excellent communication skills. This position offers hybrid working arrangements and opportunities for personal and professional growth.

Qualifications

• Experience in the UK non-life insurance industry.
• Strong reserving background across multiple lines.
• Close to qualification or newly qualified.

Responsibilities

• Contribute to a variety of client projects of a technical actuarial nature.
• Manage a small team of junior members (approximately 1-5).
• Engage in a wide range of assignments reflecting the practice's breadth.

Skills

Communication

Relationship-Building

Self-Motivation

Tools

Python

R

Job description

Join Deloitte's leading Actuarial Insurance practice and apply your skills in projects reaching beyond traditional actuarial boundaries. You'll work with colleagues and clients in Transformation & Technology, Strategy, Risk & Transactions Advisory, Audit, and Tax, exposing you to cutting-edge actuarial work in strategic, consulting, and transactional contexts. Here, you'll develop a broad range of commercial consulting skills to enhance your career options and market opportunities.

Connect to your career at Deloitte

Deloitte drives progress by leveraging our expertise to help clients become industry leaders. We invest in outstanding people, building diverse teams of future thinkers, and empowering them to achieve more.

What unites us at Deloitte? Our approach to decision-making, behavior, beliefs, and attitudes — our values. We lead the way, serve with integrity, take care of each other, foster inclusion, and collaborate for measurable impact. These values guide every decision and action, ensuring we deliver impact where it matters most.

Connect to your opportunity

• Contribute to a variety of client projects of a technical actuarial nature;
• Develop consulting skills through client-facing roles and collaboration with non-actuaries;
• Take responsibility for delivering work packages on time and to quality standards;
• Manage a small team of junior members (approximately 1-5);
• Identify and escalate risks and issues;
• Assist in business development and practice management activities alongside senior team members;
• Engage in a wide range of assignments, reflecting the practice's breadth and depth, especially in a changing regulatory landscape.

The key services you could be involved in include:

• Reserving (GAAP, Solvency II technical provisions, IFRS 17 reporting) for Lloyd’s & London Market, UK, and global personal and commercial lines;
  and finance, capital, and business transformation projects, including post-merger integration, cost reduction, modeling, process modernization, and AI/Gen AI initiatives.

You may also participate in:

• Underwriting & Pricing Transformation, including model rationalization and re-platforming;
• Audit support;
• Mergers & Acquisitions advisory; and
• Other expert advisory work.

Connect to your skills and experience

• Experience in the UK non-life insurance industry;
• Strong reserving background across multiple lines;
• Ability to apply knowledge practically and commercially;
• Proven ownership of work packages or small projects;
• Self-motivated with excellent relationship-building skills;
• Strong communication skills (written and oral);
• Knowledge of Python and R is advantageous;
• Close to qualification or newly qualified.

Connect to your business - Technology and Transformation

We value distinctive thinking, expertise, innovation, and collaboration. Join us to help solve major tech and transformation challenges and make an impact that matters.

Human Capital

We focus on the human experience in a digital world, helping clients utilize technology to support their workforce, organization, and HR transformations.

Personal independence

Regulation and controls are standard in our industry. Deloitte adheres to audit regulations, including personal independence constraints regarding financial interests and employment relationships with audit clients. Further details will be provided during the recruitment process or by contacting the Independence team.

Connect with your colleagues

Our culture, flexibility, and diverse experiences set us apart. In Human Capital, Deloitte leads the industry.

- Sophia, Technology and Transformation

Our hybrid working policy

You’ll be based in our virtual London community with flexible working arrangements. We support work-life balance through our hybrid policy, enabling work from local offices, virtual spaces, client sites, or remotely. Specific requirements may vary by role; please consult your recruiter.

Our commitment to you

We aim to create an environment where you can find purpose, be yourself, and grow. We foster a culture of belonging, support, and empowerment, prioritizing your wellbeing. Continuous learning and development are integral, helping you grow technically and personally, regardless of your level.

Connect to your next step

A career at Deloitte offers growth in any direction, with a purpose you can believe in and an impact you can see. Bring your true self to work every day and keep growing, at any level.

Discover more at deloitte.co.uk/careers